The Israeli army says air raid sirens have been activated in northern Israel and the air force is working to intercept Iranian missiles. Some reports suggest 10-15 have been fired.
WTI crude oil is up $1.50 to just over $75 per barrel on the August contract. It spiked as high as $75.50 as the fighting kicked off last week but this would be the highest close since January. The vast majority of the gains are due to war fears but adding to the upward pressure was yesterday's EIA weekly report showing a surprise 11.473 million barrel draw in US inventories.
The risks certainly run both ways in oil at the moment.
My sense is that the US isn't interested in a ground campaign in Iran so that ultimately limits what is possible, along with their negotiating leverage. With that in mind, the US could look for a quick exit, even if they attack.
That said, we could also see a new, harsher sanctions regime on Iranian oil.
Up The IDF said people can leave shelters (likely because the rockets were shot down).
This article was written by Adam Button at www.forexlive.com.Hence then, the article about wti crude oil rises to 75 as iran launches fresh missiles was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( WTI crude oil rises to $75 as Iran launches fresh missiles )
Also on site :
- This Popular Soda Shop Just Launched a Tear-Jerking Collab That Fans Say They ‘Gotta Try’
- GOP Sen. Tim Sheehy joins police to physically remove protester from hearing
- 4 Birth Months Have the Luckiest March 2026